1
Is there a casino coming to your house?
A woman looks at a casino website on July 27, 2004.
To view this content, Javascript must be enabled and Adobe Flash Player must be installed.
All over the country, states are starting to seriously consider making online gambling more legally available. In New Jersey, an effort to allow state residents to gamble through sites operated by Atlantic City casinos was recently vetoed at the last minute by Governor Chris Christie. Nevada has been moving toward extending their state's accommodations of gambling into the online world. Meanwhile in Iowa, Governor Terry Branstad said this week that if the legislature there passes an online gambling bill, he would not be opposed to signing it.
On the federal level, U.S. Representatives Barney Frank (D-Mass.) and John Campbell (R-Calif.) introduced a bill that would approve online gambling operations that were licensed by the federal government.
Tony Romm from Politico.com says this is all about money. States are looking for revenue sources wherever they can find them as they try to keep budgets balanced. Tony tells us that bills such as Frank's and Campbell's have failed in the past but may fare better this time around.
As for who would be playing such games and making such bets, David Schwartz, director of the Center for Gaming Research at the University of Nevada Las Vegas, says you can start with social media. Some 40 million people play online gambling type of games on Facebook. If even a fraction of those people move into real money, it could be a huge industry.
Also in this program, Amazon opens Android app store. Apple is aghast.
The Mobile Gaming Index for 28 March 2011 was £7.18.
This is an average stock price of public companies in the mobile gaming sector.
The price is weighted by shares outstanding, and by an estimated mobile revenue ratio.
Juniper Research forecasts the mobile gambling industry to grow to $48 billion by 2015.
Five stocks declined, eight gained, and five were unchanged or not traded.
NETPLAY TV(LSE: NPT) jumped 10.15%. Guy Templer, the former Chief Operating Officer of
Netplay TV, joined privately-held PokerStars as the new Corporate Business Development
Director. He will manage all Business Development and introduction into new regulated markets
for the PokerStars Group (http://www.pokerstars.com/).
PARTYGAMING(LSE: PRTY.L ) climbed 3.63%. The merger with bwin (DAX: BW9) will be concluded by 31 March.
Other gainers included Ladbrokes PLC (LSE: LAD), up 2.77%.
Ladbrokes PLC announced the release its Interim Management Statement for the three months
ending 31 March 2011 on Friday 15 April 2011.
A conference call for analysts and investors will be held at 9am (BST).
The biggest decline, was American Wagering Inc. (OTC-BB: BETM), dropping 12.50%.
American Wagering promotes mobile betting in Nevada with Leroys App.
No news or announcements are available for this stock.
Mobile Betting News @mgambling on Twitter
Symbol Price (GBP default)
--------------------------------------------
IGT USD$16.14
AYA.V CAD$2.85
PTEC.L 344.75
BET.L 972.00
888.L 44.50
CRP.L 90.00
PBTY.L 56.50
BW9.F EUR26.55
JH1.F EUR4.18
NPT.L 8.95
PAP.L 30.71
PRTY.L 200.00
SPO.L 37.75
SBT.L 49.75
WMH.L 184.00
BETM.OB USD$0.35
LAD.L 133.70
CWH.TO CAD$0.60
